The World Bank, the largest global development institution, provides financial assistance, strategic advice, research, and analysis to its 189 member countries. Mongolia became a member of the World Bank in 1991. The International Development Association (IDA) has supported Mongolia across various sectors including rural development, education, Ulaanbaatar development, sustainable management of the mining sector, environmental protection, and policy development. Over the past three decades, the World Bank has provided over $1.6 billion in development financing to Mongolia.
In addition to loans and grants, the Bank also offers analytical services and consultancy to Mongolia to support its medium- and long-term development goals and to enhance its capacity for formulating and implementing strategic reforms.
To view available projects and tenders, click here.
The Asian Development Bank (ADB), established in 1966, currently comprises 67 member countries and aims to assist developing countries in reducing poverty and improving people’s quality of life. ADB collaborates with member governments, independent experts, and other financial institutions to implement projects and provide loans, technical assistance, and grants.
ADB is Mongolia’s main multilateral development partner and has supported the country’s development priorities since 1991. Over the past three decades, Mongolia and ADB have successfully realized numerous development projects and programs across various sectors including health, social protection, education, urban development, transport, energy, agriculture, rural development, finance, and trade.
As of December 31, 2023, ADB has committed 371 loans, grants, and technical assistance projects in the public sector totaling $4.1 billion in Mongolia. Currently, the bank’s portfolio in Mongolia includes 41 loans and 1 grant, totaling $1.55 billion.
To view available projects and tenders opportunities, click here.
The European Bank for Reconstruction and Development (EBRD), established in 1991, was created in order to revitalize the economies of Central and Eastern Europe following the Cold War, promoting progress towards market economies and supporting sustainable development. EBRD currently has 66 member countries across five continents, including the European Union and the European Investment Bank.
Mongolia became an operational member of EBRD in 2006. The bank supports Mongolia in transitioning to a full market economy and is currently the largest foreign investor in the country. All EBRD-funded projects in Mongolia focus on the private sector, with most involving local entrepreneurs or banks. One of EBRD’s priorities in Mongolia is supporting infrastructure projects with private sector involvement, including public-private partnerships (PPPs).
EBRD’s main priorities in Mongolia include:
- Diversification: EBRD aims to expand its engagement with the non-extractive private sector.
- Sustainable growth: The bank supports the financial sector through debt programs for small and medium enterprises (SMEs), equity, and technical assistance.
- Responsible mining activities and institutions: EBRD continues to provide financing through debt and equity to reputable mining companies that meet its high standards, thereby supporting institutional development. To date, all support in the mining sector has been directed to local enterprises.
- Infrastructure and private sector development: EBRD supports Mongolia’s infrastructure development, including renewable energy development, and promotes private sector involvement where possible.
EBRD’s latest strategy for Mongolia (2022-2027) was adopted on October 19, 2022.
To view available projects and procurement opportunities, click here.
SACE is a the Italian Export Credit Agency fully owned by Cassa Depositi e Prestiti, operating in 198 countries and offering a wide range of insurance and financial products, including export credit, investment protection, financial guarantees, surety contracts, and factoring.
To know more about available products and services, you can visit the following link: click here.